#housing equity

[jangillman]

[atlurbanist]

This quote comes from Dan Immergluck's great book "Red Hot City: Housing, Race, and Exclusion in Twenty-First-Century Atlanta." Recommended reading.

Atlanta saw a 28% increase in its tech talent pool from 2013-18. During that boom, we missed a huge opportunity for equitable outcomes.

Instead of transforming that economic growth into critical public services such as subsidies for housing for lower-income Atlanta, the inflow of higher-wage workers just ended up driving local rents higher, hurting low-income folks the most.

I'm glad to see the city make good efforts toward affordable housing in recent years. We're moving in the right direction.

But going forward, we need to think of growth and investment as a tool for truly equitable outcomes, with measurable success. We're not at that point yet.

City leaders are constantly getting an earful of demands from the local elite about remaining "business friendly" and not disturbing the status quo of investment returns for powerful interests. They need to hear from the rest of us.

[steadyscopemedia]

Tulsa Mayor’s Reparations Proposal Reignites National Debate on Race, History, and Justice

Tulsa, OK — A new proposal by Tulsa’s mayor to provide housing grants and educational scholarships has sparked both praise and intense backlash. This is part of Tulsa Race Massacre reparations. The proposal exposes a deep fault line in America’s understanding of its own history—and its enduring legacy of racial injustice. The Tulsa Race Massacre reparations plan has once again brought the…

Tulsa Mayor’s Reparations Proposal Reignites National Debate on Race, History, and Justice

[pasquines]

[squaredawayblog]

A recent study provides new evidence for why older homeowners don’t dip into their home equity.

[bookpiofficial]

Reverse Mortgages: Challenging the Trade-off between Financial and Real Assets | Chapter 06 | Emerging Issues and Development in Economics and Trade Vol. 2

The aim of this paper is to question whether it still makes sense to feel attracted by the trade-off between financial and real assets, based upon the main features of reverse mortgages. Towards this ambitious goal, useful insights can be gained by exploring Italy’s recent legislation regarding these loans: on one hand, new opportunities to borrow have been made available, that are secured by home equity and that represent strategic options for financial management purposes, despite some criticism and limited adoption so far; on the other hand, homeowners are encouraged to reconsider their residential property as a way not only to satisfy their housing needs but also to achieve higher standards of living, especially after retirement. Within this framework, the trend towards increasing globalization has made traditional keys of classification obsolete; therefore, total wealth management should be focused on, rather than paying as much attention as in the past to portfolios consisting of securities alone. Conclusions sound like an invitation to devote unprecedented energies to financial counseling and education, in order to increase individual investors’ awareness and help them to make more informed decisions about their asset allocation, particularly in the later stages of their life cycle.

Author(s) Details

Margherita Mori Department of Industrial and Information Engineering, and of Economics, University of L'Aquila, Via Giuseppe Mezzanotte, 67100 L'Aquila, Italy.

View Books: http://bp.bookpi.org/index.php/bpi/catalog/book/96

[scottpartners-blog]

Funding Options for SMEs - Scott Partners -

While it would be wonderful to have a product or service that was profitable from day one and able to pay all of your bills, the reality is that this simply not true for 99% of businesses.

[shahidistics]

I hope its not another bubble they are heading to as this is what inflation does, raises asset values and lowers the value of debt, while lowering real wages for the middle class and poor. Result - Redistribution of real wealth to the few from the many creating a much greater wealth disparity.